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Talent-Strapped Down Under Deloitte and EY Are Importing Staff

Going Concern

On the government’s list of nearly 100 in-demand occupations are accountants (specifically general accountants, tax accountants, and management accountants), auditors (internal and external), corporate treasurers, actuaries, economists, and management consultants.

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How the Accountant Shortage Is Rippling Through the Startup World

CPA Practice

The drought of talent has prompted a crisis in the industry, which has put the blame on stiff education requirements, sluggish pay, and tough competition from glitzier business school paths like investment banking and management consulting. You’ll have no issue finding someone to do your tax return,” he explains.

Account 124
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Friday Footnotes: Tim Ryan Works Too Hard; Fake CPA Gets Violent Over QuickBooks Files; PwC PR | 10.20.23

Going Concern

A consulting firm struggled to find the right hybrid work model. day workweek [ Fortune ] Management consulting firm Insigniam has seemingly found that happy medium after instituting a 4.5-day Many records and documents requested by auditors were not provided by Williams and had been transferred to his personal laptop.

CPA 111
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Friday Footnotes: For the Last Time, Salaries Are Too Low; NOCLAR Is Back; Big 4 Beat Up Again | 3.1.24

Going Concern

The median pay advertised for entry-level management consulting and financial analyst roles, by contrast, was $70,000 and $75,000, respectively. If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws and regulations.

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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

KPMG to cut about 200 staff amid consulting work slowdown [ Australian Financial Review ] This is separate from KPMG US layoffs announced earlier this week. Agency for International Development (USAID) are pressing for the deployment of auditors to Ukraine to monitor the distribution of aid, according to The Wall Street Journal.

Legal 98
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The SEC Has Charged Marcum’s Former National Assurance Services Leader With Being Ass at His One Job

Going Concern

In 2019, Marcum had served as the auditor for only 185 public company issuers; by 2022, Marcum was responsible for auditing over three times that number—a total of 575 issuers, the majority of which were SPACs. The SEC order has specifics: In 2020 and 2021, over 860 SPACs completed initial public offerings (“IPOs”) in the United States.

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Friday Footnotes: Eff You, Pay Me; KPMG is Reading Your Thoughts; EY Adds Meme Coins to Blockchain Tech | 2.24.23

Going Concern

More than 90% point to hiring and retaining skilled accountants and auditors. That’s the finding of two newly released reports by leading software provider Caseware International, which surveyed more than 6,000 accountants and auditors globally. actions involved 19 auditors and audit firms in seven countries outside the U.S.”